News / Egypt

Egypt Announces USD 120 mn Industrial Zone in Addis Ababa

Egyptian Ambassador to Addis Ababa Abu Bakr Hefny has unveiled a number of projects Egypt is implementing in Ethiopia

City Edge Developments Kicks off with Two Projects

A new company under the name of City Edge Developments was launched on 30 January

Gov’t Starts Constructing 5,000 Units in New Al-Alamein City

Minister of Housing, Utilities and Urban Communities Mostafa Madbouly has checked up on a number of projects in New Al-Alamein City

Egypt’s Parliament Approves Bankruptcy Law

Egypt’s House of Representatives gave its final approval to the new bankruptcy law on Sunday, December 28, in a plenary session attended by Minister of Investment and International Cooperation Sahar Nasr

Egypt Signs Final USD 500 mn Tranche of AfDB Budget Support Loan

Egypt signed the third, and final, USD 500 mn tranche of a USD 1.5 bn budget support loan package from the African Development Bank (AfDB)

Egypt’s Bankruptcy Law Credit Positive for Banks: Moody’s

Egypt’s parliament approved on Sunday a new bankruptcy law in further aims to encourage local and foreign investment in the country

Egypt to Open Reservation of 18,061 Residential Units for Expats

Egypt’s Housing Ministry will open its doors in February for Egyptian expats interested in reserving residential units

Gov’t to Start Constructing 15,000 Units in 15th of May City

The Housing Ministry is due to start constructing a  number of social housing units in the southern expansion of 15th of May City

Moody’s Expects Growth in Egypt to Accelerate in 2019

Moody's Investors Service expects Egypt’s gross domestic product (GDP) growth to accelerate from 4.2% in 2017 to around 5% by 2019 and 5.5% by 2021, up from 4.2% in 2017

Egypt Completes EGP 22.5 bn Worth of Bridges, Roads in 3 Yrs

Egypt invested EGP 22.5 bn on roads and bridges between 2014 and 2017

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